Loophole closed on cheap cd's - BBC Article

VaderDSL · 1 Mar 2006 at 05:17

http://news.bbc.co.uk/1/hi/world/europe/jersey/4759422.stm

Hmm ... so in a years time, places like Asda, Tesco etc. will be unable to offer cheap films and dvd's?

But if the figure is corect, £80 million could be put to a very limited use maybe

sja360 · 1 Mar 2006 at 05:52

tbh its only fair, you cant have them dodging VAT....
we all have to pay it so why not those companies setup there?

seaviewuk · 1 Mar 2006 at 06:00

As the article says it's more than likely a smokescreen. If Jersey does follow through then again reading the article it says they will more than likely move to Guernsey.

sja360 · 1 Mar 2006 at 06:05

seaviewuk said:
As the article says it's more than likely a smokescreen. If Jersey does follow through then again reading the article it says they will more than likely move to Guernsey.

but by the sounds of it they're still charged a rate in guernsey unlike jersey?

seaviewuk · 1 Mar 2006 at 06:17

sja360 said:
but by the sounds of it they're still charged a rate in guernsey unlike jersey?

Just did a bit of research.

Guernsey currently have the same tax loophole as Jersey and indeed HMV amongst others operate out of Guernsey in the online market.

sja360 · 1 Mar 2006 at 06:24

seaviewuk said:
Just did a bit of research.

Guernsey currently have the same tax loophole as Jersey and indeed HMV amongst others operate out of Guernsey in the online market.

ah ok.